Accel-KKR makes equity investment in Accellos

Tuesday, October 16, 2012

Accellos, a Colorado Springs, Colo.-based provider of supply chain software, said Accel-KKR has made a "strategic" equity investment in its business.
Accel-KKR is a leading technology-focused private equity firm with over $2.3 billion of assets under management. The firm focuses exclusively on middle-market software and technology companies with strong growth profiles.
Details of the transaction were not released.
“This partnership validates our strategy and provides Accellos the financial resources required to execute our strategy,” said Michael Cornell, Accellos’ chief executive officer. “We want to move quickly to deliver customers a broad set of supply chain solutions tailored to the needs of the midmarket and logistics service providers.”
“We were attracted to their proven track record, market opportunity, strong leadership team, and ability to deliver product innovation both organically and through acquisition,” added Tom Barnds and Jason Klein, managing directors at Accel-KKR, in a statement.
Accel-KKR specializes in buyouts and recapitalizations of family-owned or closely-held private companies, going-private transactions and divisional buyouts of larger companies. It invests across a range of structures, functions as minority or majority investors and commits a wide range of capital – from less than $10 million to over $100 million. The firm has offices in Menlo Park, N.J., and Atlanta.
Centennial Ventures, Monitor Clipper Partners, and Murphree Venture Partners were previous financial sponsors of Accellos and helped facilitate the transaction.